Q1 2018: Georgia attracts $279.3m foreign direct investments

As of December 3, 1 GEL was valued at 1.8604 USD. Photo by N.Alavidze/agenda.ge
Agenda.ge, 11 Jun 2018 - 14:37, Tbilisi,Georgia

Foreign direct investments (FDI) in Georgia amounted to $279.3 million in the first quarter (Q1) of 2018, shows the preliminary data of the National Statistics Office of Georgia.

This is a 32.9 percent decrease compared to the same period of the previous year.

The main reasons for decreasing the FDI are transferring of ownership in some companies from non-resident to a resident units and reduction of debt liabilities to non-resident direct investors (mostly payment of loans)”, explains Geostat.

The top three countries that invested the most in Georgia during this period were:

  • United Kingdom (29.6 percent)
  • Azerbaijan (18.2 percent)
  • China (14.9 percent)

Three sectors of the Georgian economy enjoyed 78.7 percent of all FDIs in Q1 of 2018:

  • Financial sector - $110.6 million
  • Construction sector - $69.1 million
  • Manufacturing sector - $40.2 million

The National Statistics Office noted that the adjusted data will be published on August 15, 2018.